Copper: mining companies squeezed by lower prices and higher labour costs

Major North American copper miners are expected to report a decline in second-quarter profits as global growth concerns dented realised prices for the red metal and labour costs remained high. According to data from Refinitiv, Freeport-McMoRan, Southern Copper and Teck Resources are expected to report combined adjusted earnings of $1.53 billion for the April-June quarter, […]